The popularity of FHA home loans has exploded since the dip in the economy, with FHA loans now accounting for almost 30% of mortgages in the United States. With interest rates aggressively low, now is a great time consider refinancing with an FHA adjustable-rate mortgage (ARM). Whether you’re buying your first home, looking into a fixer-upper, making your home more energy-efficient, or just looking to refinance, a government-backed FHA ARM may be the best option to help you reach your financial goals.
The final day homebuyers can take advantage of the first-time home buyer tax credit is here.
Treasuries are fairly unchanged after this morning’s GDP report, which showed our economy expanding at a 3.2 percent annual rate as a result of higher consumer spending. The increase was in line with forecasted expectations. Later this morning, the April consumer confidence is expected to show an improvement after last month’s big drop.
There’s been a lot of talk about refinancing your home mortgage in the news lately. Part of its popularity is due to the fact that many home buyers are rushing to take advantage of record low loan rates.
Yesterday, concerns surrounding sovereign debt eased and the Fed reiterated its commitment to maintain exceptionally low rates. This caused Treasury and mortgage prices to fall. Treasury and mortgage bond prices are largely unchanged this morning following yesterday’s decline.
Homeowners who currently have an FHA loan may find that refinancing into a conventional mortgage can reduce their monthly housing expenses. Conventional loans often have [...]
The market will be focusing on the FOMC decision and although there is little chance the Fed will increase rates today, there is uncertainty regarding whether or not the statement will remark on “exceptionally low” rates for an “extended period.” Treasuries rallied yesterday after Greece’s debt was downgraded to junk and also sending the DOW back down under 11k.
The signs that the economy is starting to improve are subtle, but they’re out there. Whether it’s through the slowly lowering gas prices or the [...]
Bond and stock prices rallied yesterday but gave much of their early gains back in the afternoon. Action in the bond market was largely driven by a lackluster auction of $11 billion of five year TIPS (Treasury Inflation Protected Securities) and the looming FOMC meeting. Treasury prices are slightly higher this morning as today’s FOMC meeting poses little threat of an interest rate increase.
Buying a home can be an overwhelming process, and it’s easy to forget something on your checklist. If you’re a first-time buyer, chances are you’re learning a lot of stuff for the first time. To help make this process easier, we’ve compiled a list of things you should watch out for, just in case you forgot one.